Crypto & Crowdfunding Come Together

Crowdfunding has officially met cryptocurrency as the popular site Indiegogo is now hosting the Initial Coin Offering for the St. Regis Hotel Aspen.

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The hotel company is using Rule 506(c) under Regulation D to sell security tokens that will represent shares of stock in the company and may be bought only by “accredited investors.”

The platform to buy the tokens is not Indiegogo however, it is Templum Markets, a FINRA registered broker dealer.

Your securities must be kept in a digital wallet  compatible with Ethereum tokens (ERC-20 standard) and cannot be transferred to your favorite discount broker.

And, by the way, “There will be no free perks attached to Aspen Coins in regards to free hotel room or free hotel accommodations at the St. Regis Aspen or any St. Regis hotel.” So, be ready to pay the rack rate when you go visit your investment.

(No endorsement implied).

https://ico.indiegogo.com/projects/aspen/

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, Broker dealers, checkbook, Crowd Fund Act, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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